Pass the IIBA Certified Business Analysis Professional CBAP Questions and answers with CertsForce

 A baseline schedule is derived from a schedule model to meet the project execution plan and achieve management approval for use as a baseline. A schedule model is a representation of the project activities, durations, dependencies, and resources that shows how the project will be executed over time. A baseline schedule is a specific version of the schedule model that is approved and frozen as a reference point for measuring and controlling the project progress and performance. A baseline schedule reflects the agreed-upon scope, cost, and schedule of the project and serves as a basis for comparison and change management. References: CBAP / CCBA Certified Business Analysis Study Guide, chapter 6, page 234; CBAP Sample Questions, question 252.

 Quantitative risk analysis is a technique that involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses. It uses numerical methods, such as expected monetary value analysis, Monte Carlo simulation, decision tree analysis, and sensitivity analysis, to estimate the likelihood and impact of risk events, and to evaluate the overall risk exposure of the project. Quantitative risk analysis can help to prioritize risks, allocate resources, optimize contingency reserves, and support decision making. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, page 47

Risk Analysis- Open Courses by Atlantic International University - AIU, paragraph 1

Which of the following techniques involves attempting to make and numerically determine the probability of various adverse events and measuring the likely extent of the losses?, answer D

 A scribe is a participant who has to keep the minutes and details of the conversation during interviews. A scribe is a person who records the key points, questions, answers, and action items that are discussed during the interview. A scribe helps to capture the information accurately and completely, as well as to document any assumptions, issues, or risks that arise during the interview. A scribe also helps to prepare and distribute the interview notes and follow-up actions to the relevant stakeholders. A scribe can be a business analyst, a stakeholder, or a third-party facilitator, depending on the availability and suitability of the role. References: IIBA BABOK Guide v3, section 4.2.5.2, page 116; CBAP / CCBA Certified Business Analysis Study Guide, chapter 4, page 178; Free CBAP CBAP® Exam Questions - IIBA CBAP Exam - Study4Exam, question 240.

 Milestone funding is an approach where the project is funded for enough capital to reach the next milestone, which is a predefined point in the project where some deliverables are completed or some criteria are met. Milestone funding helps to reduce the risk of investing too much money in a project that may not deliver the expected value or benefits. It also helps to monitor the progress and performance of the project and ensure that the project is aligned with the business objectives and stakeholder expectations. Milestone funding is a common practice in agile projects, where the project is divided into short iterations that deliver incremental value and feedback. References: CBAP / CCBA Certified Business Analysis Study Guide, chapter 5, page 229; CBAP (Certified Business Analysis Professional): 230+ Exam Practice Questions with Detail Explanations and Case Study Based Questions, question 230.

 The BA should first understand the root cause of the problem before proposing any solution. Reviewing historic sales and related data can help the BA identify patterns, trends, and factors that affect the customer base. This can also help the BA validate or invalidate the assumption that increased competition is the main cause of the problem. Performing market research, creating a training program, or identifying training providers are potential solutions that should be considered only after the problem is clearly defined and analyzed. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 6: Strategy Analysis, page 253

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 5: Strategy Analysis, section 5.1: Analyze Current State, page 95

A trigger for re-prioritization is an event or a change that affects the relative importance or urgency of the project’s requirements or deliverables1. A new initial public offering (IPO) in the stock market is an example of such an event, as it may create new opportunities or threats for the online stock trading system and its stakeholders. The project team may need to re-prioritize the requirements or deliverables to align with the new market conditions and stakeholder expectations. The other options are not triggers for re-prioritization, but rather project issues or risks that need to be managed or mitigated. References: 1

 The timing and frequency of collaboration are aspects that should be taken into account when working on a stakeholder collaboration plan. This is because the timing and frequency of collaboration affect the availability, engagement, and satisfaction of the stakeholders, as well as the quality and efficiency of the business analysis work. The BA should consider the stakeholder preferences, expectations, and constraints, as well as the project schedule, scope, and complexity, when determining the optimal timing and frequency of collaboration. The BA should also ensure that the collaboration activities are aligned with the business analysis plan and the stakeholder communication plan. Collaboration skills of BA, solution design, or business governance plan are not the best options for the aspects that should be taken into account, because they are either irrelevant, inaccurate, or not the root cause of the problem. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 4: Elicitation and Collaboration, page 167

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 4: Elicitation and Collaboration, section 4.2: Conduct Elicitation, page 77

Business Analysis Professional Resources, IIBA Resource Collection, Business Analysis Body of Knowledge (BABOK) Guide

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Skillsoft Book, Chapter 4: Elicitation and Collaboration, page 167

 A formal approach is suitable for a project that has a high level of complexity, uncertainty, and risk, as well as a high degree of stakeholder involvement and scrutiny. A project to expand into new markets is likely to have these characteristics, especially in the banking industry, which is highly regulated and competitive. A formal approach would help ensure that the project scope, objectives, and requirements are clearly defined, communicated, and approved by the relevant stakeholders, such as the CEO and the CFO. A formal approach would also provide more control and traceability over the project deliverables and changes, as well as more visibility and accountability for the project progress and outcomes. References: CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 2: Business Analysis Planning and Monitoring, page 59; Business Analysis Body of Knowledge (BABOK ®) Guide, Chapter 2: Business Analysis Planning and Monitoring, section 2.1.4: Selecting the Business Analysis Approach, pages 28-29.

The business process model is also known as the activity model. It is a graphical representation that captures all of the activities within a business, the inputs and outputs of each activity, and the required resources to complete each activity. It shows the sequence, dependencies, roles, and responsibilities of the activities, as well as the information and materials that flow between them. A business process model can help to document, analyze, improve, and automate the business processes that deliver value to the customers and stakeholders. A business process model can also help to align the business and IT strategies, and to identify the gaps and opportunities for innovation. References:

Business Process Modeling: Definition, Benefits, and Examples - Kissflow, paragraph 1

Business process modeling - Wikipedia, paragraph 1

The business process model is also known as - VCEguide.com, answer B

Time boxing is a technique that involves allocating a fixed amount of time for a specific activity or deliverable. It is often used in agile and iterative approaches to prioritize and manage requirements based on the amount of work that the project team can complete within a given time frame, such as a sprint or an iteration. Time boxing helps to focus on the most important and valuable requirements, deliver frequent and incremental value, and reduce scope creep and rework. Negotiation, grouping, and budgeting are not techniques that are based on the amount of work that the project team is capable of delivering in a given period of time. References:

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Chapter 3: Requirements Life Cycle Management, page 121

Business Analysis Body of Knowledge (BABOK) Guide, Version 3, Chapter 3: Requirements Life Cycle Management, section 3.5: Prioritize Requirements, page 62

Business Analysis Professional Resources, IIBA Resource Collection, Business Analysis Body of Knowledge (BABOK) Guide

CBAP / CCBA Certified Business Analysis Study Guide, 2nd Edition, Skillsoft Book, Chapter 3: Requirements Life Cycle Management, page 121